Maximum deduction u/s 24(b) is 200,000. but my question is; in p.y. i have paid interest on h.p. of 250,000.
now in the current year can i Claim the balance 50,000 as deduction. please answer with links to proper verify your replies
sundar sabapathi (1 Points)
02 August 2019Maximum deduction u/s 24(b) is 200,000. but my question is; in p.y. i have paid interest on h.p. of 250,000.
now in the current year can i Claim the balance 50,000 as deduction. please answer with links to proper verify your replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174681 Points)
Replied 02 August 2019
Yes, you can set off the b/f loss against any (positive) income from HP ........ till next 8 years.
But not from any other head. Only current year loss from HP can be set off with other head_
rama krishnan
(12234 Points)
Replied 02 August 2019
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